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Reply to "How do you calculate the value of your federal pension? "
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[quote=Anonymous][quote=Anonymous]There are good threads on this on Bogleheads and Reddit. For example, https://www.reddit.com/r/Bogleheads/comments/1elzb8x/calculating_a_pension/ Very roughly, I’m assuming for my own purposes that approx $40k/year is equivalent to $1M in retiring savings. But with fed pensions, note the additional benefit of COLA adjustments — they strike me as a valuable factor. So the value is actually higher than that very rough 4 percent calculation I think. [/quote] It’s actually a bit less than that. The 4% rule (25x) is for retirement account balances that are both expected to last 30 yrs and where the remaining principal goes to your heirs if you don’t make it that long. A closer comparison would be pricing an annuity for someone your gender at the age you will retire. For a male at 62 that depends on the current interest rate but likely 12-16x the yearly pension [/quote]
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